M+ Online Market Wrap - 25 Aug 20

FBM KLCI: 1,554.96 pts (-13.62pts, -0.87%)

The FBM KLCI (-0.9%) was weighed down by the extended selling pressure among glove heavyweights as the key extended its losses after hovering in the negative territory for the entire trading session. Market breadth turned negative as losers outstripped the gainers by a ratio of 843-to-323 stocks. On the broader market, the technology sector (-2.2%) was the worst hit dragged down by KESM Industries (-39.0 sen), MI Technovation (-24.0 sen) and Notion VTec (-21.0 sen)

Top 3 Active stocks:
XOX (0165): RM0.25 (+1.5 sen)
BINTAI (6998): RM0.705 (+30.0 sen)

SOLUTN (0093): RM0.815 (+18.5 sen)

Volume: 10.22 bln (100-day avg vol: 8.45 bln)
Value: RM7.63 bln
Market Breadth: ⬆:323 ⬇:843
Crude palm oil: RM2,643 (-RM19)

Dow Futures: 28,379 pts (+140 pts)

Source: Bloomberg, M+ Online

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